The news list is reorganized and written in a natural article format.
Ethereum's V-shaped rebound is expected, but the crypto market is becoming increasingly volatile.
Despite the recent plunge, some investors are reviving their hopes amidst the uncertain market, as predictions emerge that Ethereum (ETH) will once again attempt a "V-shaped rebound." Meanwhile, major regulatory issues in the US, Europe, and Asia, as well as Big Tech's entry into Web3, are simultaneously impacting the direction of the Bitcoin (BTC) and altcoin markets.
Fundstrat's Tom Lee has diagnosed that the Ethereum price is currently "near the bottom." In a recent interview, he stated, "Now is not the time to sell out in fear, but to look for opportunities with a future rebound in mind." He argued that Ethereum's "V-shaped recovery" pattern following past plunges could recur. While Ethereum has recently experienced a correction alongside Bitcoin, its continued use as a core platform in DeFi, tokenization, and AI infrastructure is cited as a basis for a mid- to long-term bullish outlook.
Russia blocks WhatsApp, sparking controversy over push for surveillance apps
Regulatoryly, Russia has taken a direct aim at big tech messengers. According to local Russian media, the WhatsApp domain operated by Meta has been completely blocked, making it difficult to access without a VPN or other means of bypass. While authorities have not disclosed the specific technical reasoning, industry analysts believe this is an attempt to exclude global services in order to promote "surveillance messengers" that the government can directly control. In the cryptocurrency community, concerns are also being raised that these restrictions, coupled with on-chain wallet address tracking and regulations on anonymous coins, signal the full-blown rise of "surveillance capitalism."
Thailand Allows Crypto as Underlying Asset in Derivatives… "Digital Assets Are Electrifying"
Conversely, Thailand is accelerating the easing of digital asset regulations. Thai regulators have permitted the use of cryptocurrencies as underlying assets in local derivatives markets. The CEO of Binance Thailand described this as a "watershed moment" for Thai digital asset companies, acknowledging cryptocurrencies as "a pillar of formal financial infrastructure," moving beyond the traditional view of them as mere speculative instruments. The inclusion of derivatives in the market could attract hedging demand from institutional investors, potentially providing liquidity to both spot and futures markets in the medium to long term.
Vitalik Proposes Zero-Knowledge Technology for AI Privacy
Ethereum developers have also proposed an on-chain privacy model suited to the AI era. In a recent report, Vitalik Buterin and the Ethereum Foundation's AI Director proposed a structure that anonymizes users' AI API calls, preventing them from being viewed externally, while still allowing for "punishment for abuse." The key lies in zero-knowledge proof (ZK) technology. The idea is to hide how much and which models users have called, while allowing for proof and sanctions in case of rule violations, such as overuse or illegal use. This is considered essential infrastructure for the integration of on-chain AI agents, DeFi, and the Ethereum-based token economy.
Crypto lenders halt withdrawals amid Bitcoin price plunge
Last week, when Bitcoin plummeted, a cryptocurrency lending platform sparked controversy by abruptly suspending deposits and withdrawals. BlockFills customers were blocked from moving funds, but were still able to liquidate positions or open new trades. While the platform explained that this was a "measure to stabilize the market and protect the system," the unexpected lockup fueled user distrust. Following the Terra and Luna incidents in 2022, there's renewed concern about centralized platforms (CeFi) that impose withdrawal restrictions during a price crash.
Regulatory and Policy Front: The US SEC Pressures Paper Companies and Non-Compliant Exchanges
Regulatory risks are also significant. In the United States, Democratic lawmakers have strongly criticized the enforcement trajectory of SEC Chairman Atkins, who succeeded Gary Gensler. At a House Financial Services Committee hearing, Democrats argued that the pro-crypto stance that has persisted since the Trump administration is weakening investor protections. They argued that the relaxed review processes for stablecoins, DeFi, and exchange listings are indiscriminately exposing individual investors to high-risk products. The debate over deregulation versus stifling innovation appears to be spreading again in Congress and across the industry.
The US Treasury and Justice Departments are also escalating sanctions. US authorities have fined Paxful, a P2P Bitcoin marketplace, approximately $4 million (approximately KRW 5.76 billion). Authorities allege that Paxful marketed itself as a platform that omitted KYC (know your customer) requirements, while in fact failing to implement anti-money laundering (AML) policies despite its perceived compliance. Specifically, they cited the failure to address transactions linked to criminal financing, such as human trafficking and fraud. These US enforcement actions are expected to directly pressure small and medium-sized P2P exchanges and OTC desks worldwide.
Musk Announces 'X Money' Beta Launch Within 1-2 Months
Elon Musk announced that the external beta of 'X Money', a payment service that will be integrated into the social platform X, will begin within 1-2 months. The initial pilot operation will be limited to limited regions and users, and the goal is to launch globally in the long term. Musk has previously pledged to grow X into an 'everything app' that encompasses messaging, payments, shopping, and entertainment. It has not been made clear whether X Money will directly support cryptocurrency, but given Tesla's ($TSLA) history of holding Bitcoin and support for Dogecoin (DOGE), there is strong speculation that it will be linked to a crypto payment or point system.
Coinbase Unveils AI Agent-Only Wallet
Coinbase, an exchange, has launched an "AI-only wallet," designed to allow AI agents to directly perform on-chain transactions. Users can set permissions and limits for this wallet, allowing the AI to perform liquidity provision (market making), DeFi deposits, and automatic rebalancing 24/7. Coinbase explained, "We designed the AI to execute funds only within user-defined rules, ensuring both convenience and control." Support for multi-chains, including Ethereum and Solana (SOL), is expected, and this effort is seen as accelerating the era of on-chain "autonomous agents."
Ondo Finance Tokenizes US Stocks on Ethereum, Integrating Chainlink Price Feeds
Ondo Finance has integrated Chainlink (LINK) price feeds into tokenized US stock ETFs on the Ethereum network. Currently, Chainlink feeds for three tokenized stocks—SPYon, QQQon, and TSLAon—are live on-chain. This allows DeFi lending protocols to accept these tokens as collateral, making "US stock-based collateralized loans" possible on Ethereum. Amidst the real-world asset tokenization (RWA) trend, the inclusion of stocks as DeFi collateral, following US Treasury bonds, is rapidly expanding.
Bitcoin falls below $70,000, potentially testing $60,000.
In terms of market price, Bitcoin's volatility is increasing again. According to on-chain and derivatives indicators, Bitcoin encountered strong resistance near $70,000, leaving a significant liquidity vacuum in the area below. Some derivatives analysts believe the $60,000 level is likely to be retested in the coming days. Meanwhile, technical charts show Bitcoin, Ethereum, Binance Coin (BNB), Ripple (XRP), Solana (SOL), Dogecoin (DOGE), Bitcoin Cash (BCH), Hype (HYPE), Ada (ADA), and Monero (XMR) moving sideways in a new price bottom zone after last week's plunge. This is a region where short-term trends can diverge significantly depending on which side of the market dominates.
According to real-time market updates, the Bitcoin price has fallen back to near its lows this year, retesting the $66,000 support level. With weak new capital inflows and strong selling pressure in the spot market, each attempted rebound appears to be losing its upper limit. Amidst weakened investor sentiment, two-way betting is intensifying in the derivatives market, fueled by the possibility of leverage liquidation.
Crypto markets still face credit and liquidity constraints.
Experts cite "credit shortage" as the current structural problem in the crypto market. Unlike traditional finance, cryptocurrency trading is largely structured on a pre-funding basis, with brokers and prime services providing back-end credit at a very low level. This, they argue, creates a vicious cycle of thin liquidity and increased volatility. For institutional investors, such as large hedge funds and pension funds, to fully participate, there is a growing need for a regulatory-compliant on-chain credit infrastructure and a stable prime brokerage system.
Deal and MoonPay to Introduce 'Stablecoin Salaries' in the UK and EU
Deel, a corporate HR and payroll platform, has partnered with cryptocurrency payment company MoonPay to launch a stablecoin payroll service in the UK and the European Union (EU). Companies can now pay part or all of their employees' salaries in stablecoins, with plans to expand the service to the US market in the future. With the global remote work and freelance market growing, Deel's ability to quickly and affordably pay even those without bank accounts adds another real-world use case for stablecoins.
BlackRock Enters DeFi Through Uniswap
BlackRock, Wall Street's largest asset manager, has connected its $2.1 billion (approximately 3.026 trillion won) tokenized U.S. Treasury fund to the DeFi protocol Uniswap, marking the beginning of full-scale token trading for institutions. While BlackRock's on-chain Treasury fund has previously targeted institutional investors, its integration into the Uniswap pool opens up its potential for diverse use within the DeFi ecosystem, including collateralization, trading, and leverage. This is a symbolic example of the blurring of boundaries between traditional and on-chain finance, and is likely to influence the subsequent entry of other large asset managers and banks.
Overheating and Bubble Debates, and the Next Page of the Market
Some have compared the recent AI boom to the dot-com and crypto bubbles that dominated Super Bowl advertising. This is because historical experience shows that when hype and flashy marketing are not backed up by a real revenue model, the bubbles ultimately burst. The cryptocurrency industry is also experiencing a recurring phenomenon of dubious projects blasting out more press releases and publicity than legitimate projects.
With the possibility of Ethereum's "V-shaped rebound," Bitcoin testing the $60,000 mark, regulatory risks, and innovations like tokenization, AI agents, and stablecoin payrolls intertwined, the crypto market currently faces a period of both uncertainty and opportunity. With overheating and fear alternating, the nature of the next cycle will likely be determined by the weighting of regulatory direction and on-chain real-world use cases over the next few quarters.
💡 "In this era of chaos and opportunity, we need investors who can 'interpret' the market."
With Bitcoin poised to retest the $60,000 mark, Ethereum's expected V-shaped rebound, and DeFi, RWA tokenization, AI agents, and stablecoin salaries all exploding simultaneously, the market has entered a phase where it's difficult to sustain itself solely through consumption of positive and negative news.
The controversy over the suspension of CeFi withdrawals that has resurfaced since the Terra and Luna incidents, regulations across the US, Russia, Thailand, and the EU, the entry of big tech into Web3 and payment, and the full-scale trend of on-chain finance led by BlackRock, Ondo Finance, and Coinbase show that "we have now reached a stage where the gap between those who understand the structure and those who do not is extremely widening."
Launched by TokenPost, Korea's No. 1 blockchain media
In this complex crypto market, it is important to be an investor who consumes news, not an investor who consumes news.
This 7-step masterclass is designed to create investors who can interpret the market with data and structure.
"V-shaped rebound, market crash, regulatory risks... Ultimately, the ones who will survive are 'investors who understand the structure.'"
The issues covered in this article may seem disparate, but they are connected by a larger thread.
Ethereum's V-shaped rebound is expected, and Bitcoin could test $60,000.
CeFi risks such as blockfill withdrawal suspension
Cryptocurrency inclusion in Thai derivatives underlying assets, BlackRock's on-chain government bond fund, and Uniswap's entry.
- Ondo Finance's US stock ETF tokenization and Chainlink price feed integration (RWA·DeFi collateral innovation)
Vitalik's ZK-based AI privacy proposal, Coinbase's AI agent-only wallet
Deal and MoonPay's stablecoin payouts, Musk's 'X Money' payment network preview
- Regulations/sanctions by the US SEC, Treasury, and Justice Departments, blocking of Russian Big Tech messengers.
On the surface, it is news about prices, regulations, technology, and governance, but
From an investor's perspective, there is only one key point.
“How does this structure affect my assets?”
To interpret this and connect it to a response strategy
The TokenPost Academy curriculum is structured as follows:
◆ Step 1: The Foundation – Security, Wallet, and Basic Structure: What You Need to Learn Before the Crash
As in this article, the moment a specific lending platform unilaterally stops withdrawals,
The first thing that comes to the test is, 'Where are my assets tied up and in what structure?'
In the first stage of the TokenPost Academy: The Foundation (Basics and Entry) course,
Differences between exchanges and on-chain wallets, and the structure of hot and cold wallets.
- Self-wallet setup and hacking prevention principles, such as MetaMask
- Crypto deposits, withdrawals, and tax issues
Before getting swayed by market news, first establish a structure that will at least not lose money.
In a market as volatile as this year, it is difficult to start with leverage without understanding security and wallets.
This is a shortcut to repeating the same "fear with no exit" that occurred during the Terra, Luna, FTX, and various lending platform incidents.
Step 2: The Analyst – How to Read the "True Value" of Ethereum and Altcoins in Numbers
To properly assess the possibility of Ethereum's 'V-shaped rebound'
Rather than simply looking at price charts, you need to look at the project's structure and on-chain data.
Step 2: In the Analyst course,
Tokenomics: inflation, premine, lockup release, dumping risk
- The pitfalls of market capitalization and FDV (Full-Dated Value)
- Through on-chain indicators (MVRV-Z, NUPL, SOPR, HODL Waves, etc.)
High and low point identification and market participant sentiment analysis
Through,
"Is the adjustment of Ethereum and altcoins a 'period of opportunity'?
Or, develop your own eyes to determine whether a project is structurally destined to have its price suppressed.
Inclusion of Thailand's derivatives underlying assets, BlackRock on-chain fund,
Temperature Finance RWA, Chainlink price feed, etc.
To gauge the "real impact," you need to look at market cap, tokenomics, and on-chain data together.
◆ Step 3: The Strategist – Bitcoin Tests $60,000, What's Your Portfolio Like?
The section where Bitcoin is pushed down from $70,000 and retests the $60,000 mark
It is the most psychologically challenging point for both short-term traders and long-term investors.
Step 3: The Strategist (Investment Strategy and Portfolio)
- Understanding the return structure relative to inflation, interest rates, and risk
- DCA (Digital Cash Accumulation), rebalancing, and cash ratio management
- Allocation of growth assets (Bitcoin, Ethereum, and altcoins) and income-generating assets (staking, RWA, and income-generating tokens).
Through,
We design a structure that “does not shake the portfolio principles even when prices fluctuate.”
Selling for fear in a box of 60,000 to 70,000 dollars,
Or is it structurally designed to have a 'livable area'?
Determines the asset difference in the next cycle.
Step 4: The Trader – The art of reading 'volatility' during sharp declines and surges
As mentioned in the article,
The market is currently experiencing a clash between spot selling and leveraged liquidation of derivatives.
Step 4: The Trader (Technical Analysis/Trading)
- Log chart, key trend lines, and support/resistance zone settings
- Interpretation of buy/sell signals based on moving averages and auxiliary indicators
- Understanding the order book, spread, and order types (limit order, market order, stop order, etc.)
Through,
It covers "the art of interpreting the market through charts and liquidity, not news."
Major coins such as Bitcoin, Ethereum, BNB, SOL, XRP, DOGE, and ADA
If you can figure out for yourself what the 'horizontal compression' section means,
You can no longer rely on social media rumors for trading.
◆ Stage 5: The DeFi User – BlackRock, OndoPie, Chainlink, and the Path After CeFi Risk
Two axes that stand out in particular in this article are:
CeFi platform risks such as blockfill withdrawal suspension
- BlackRock On-Chain Government Bond Fund, Ondo Finance RWA,
Chainlink Price Feed, Deal, and MoonPay Stablecoin Payouts Introduced
It is an expansion of 'on-chain real-world finance'.
Step 5: The DeFi User (Decentralized Finance)
- DEX (AMM vs. order book), liquidity pool, yield farming
- Impermanent Loss, Collateral Ratio, and Liquidation Structure (LTV)
Passive income design through stablecoin interest, deposits, and loans.
Through,
"Simply depositing into CeFi
Systematically learn the difference between understanding the structure on-chain and utilizing DeFi directly.
BlackRock's on-chain government bond pool, tokenized collateral for US Treasury and stock ETFs.
The trend of stablecoin salaries like Deal and Moonpay
DeFi is no longer a 'laboratory'
It shows that we are moving towards a global financial infrastructure.
Should we take this as an opportunity?
Or maybe we will just misunderstand it as another bubble and pass it by?
There is a difference in understanding of the DeFi structure.
◆ Step 6 The Professional – Bitcoin/Ethereum Futures/Options, ‘Defense’ and ‘Attack’ Simultaneously
Derivative indicators influence market direction,
If you don't understand the structure of leverage liquidation occurring in a chain reaction during a sharp decline,
Whether short or long, it is easy to become the 'liquidated side'.
Step 6: The Professional (Gifts and Options – Advanced)
Leverage/margin structure, gap between funding and price
- Stop loss strategy and position sizing (position size adjustment)
- Defending against a bear market using options (call/put), spreads, and protective puts.
Dealing with,
Not an investor who "just stays still in a bear market"
We aim to grow into an investor who can "defend, hedge, and monetize when necessary."
Bitcoin tests $60,000,
In the bottoming out period of altcoins
You will have clear guidelines on how to use futures and options.
◆ Step 7 The Macro Master – Regulation, Policy, AI, RWA, and Liquidity in One Picture
Covered in this article
- Regulatory/sanctions directions of the U.S. SEC, Treasury Department, and Department of Justice
Russia's blockade of Big Tech, Thailand's approval of derivatives underlying assets
- Musk's X Money, Coinbase AI Wallet, Vitalik's ZK-based AI privacy proposal
Structural "credit and liquidity limitations" in the crypto market
are all “global liquidity, regulation, and technology cycles”
It all boils down to one question: “How will we shape the next cycle of the crypto market?”
Step 7: The Macro Master (Macroeconomics and Market Cycles)
The correlation between global liquidity (dollar, interest rates, and risk appetite) and crypto market capitalization.
Bitcoin Halvings and Cycles: A Review of Past Cases
Practical 'cycle response' through portfolio update history
Dealing with,
Develop an eye for reading the market through 'liquidity and cycles' rather than news headlines.
The AI bubble debate, RWA, DeFi, and on-chain credit infrastructure.
In these times of intertwined regulatory risk and innovation,
This is the most essential skill.
"This is a market where luck is no longer a factor… We must rely on skill to prevail."
The cryptocurrency market is no longer a simple "bull market lottery."
- Possibility of Ethereum's V-shaped rebound
Bitcoin retests $60,000
- Reorganization of regulatory and policy fronts
On-chain finance pioneered by BlackRock, Ondo Finance, Deal, MoonPay, and Coinbase.
Combining AI, zero-knowledge proofs, stablecoin pay, and RWA
All of this,
It is a sign that we have entered an era where “you protect what you know and earn what you know.”
Token Post Academy
Basics → Analysis → Strategy → Trading → DeFi → Futures/Options → Macro
Through the 7-step masterclass ,
Not swayed by the news
Able to judge and respond on one's own
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Curriculum : 7-step masterclass from basics to macro analysis, DeFi, and futures options.
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🔎 Market Interpretation
Bitcoin is experiencing increased volatility, with the price encountering resistance near the $70,000 level again and breaking below the $66,000 level. In the derivatives market, short positions betting on a decline to $60,000 are increasing, which, combined with a liquidity vacuum, is increasing short-term correction pressure. Conversely, some analysts suggest that Ethereum is nearing its bottom and may experience another "V-shaped rebound," with a growing number interpreting the recent plunge as a medium- to long-term buying opportunity.
Regulatory and institutional risks persist, including Russia's WhatsApp blocking and surveillance app push, internal conflict in the US surrounding SEC enforcement, and sanctions against Paxful. Nevertheless, Thailand's move to approve cryptocurrencies as underlying assets for derivatives, BlackRock's entry into DeFi, Ondo Finance's tokenized stocks, and X Money and stablecoin salary payments demonstrate the simultaneous rise of institutional integration and real-world usage.
💡 Strategy Points
1) Short-term price: The $60,000-$66,000 range for Bitcoin is a technically significant support area. Short positions are accumulating in futures and options, leaving the possibility of further short-term declines open. However, monitoring changes in trading volume and open interest (OI) in this area can help identify opportunities to buy at the bottom.
2) Ethereum perspective: Like the "V-shaped rebound" scenario mentioned by Tom Lee, periods where trading volume declines and prices hold after a sharp decline are ripe for a fractional buying strategy. However, as this is heavily influenced by the macro environment (US interest rates, a strong dollar) and Bitcoin's direction, it's advisable to use leverage conservatively.
3) Focus on infrastructure and practical use: BlackRock's on-chain government bond fund, ONDO's tokenized stocks, Coinbase's AI agent wallet, Deel's stablecoin salaries, and the X-Money payment system are all projects with "real-world cash flow." Focusing your portfolio on areas with clear infrastructure and revenue models, rather than simply memetic coins, can reduce mid- to long-term risk.
4) Regulatory Risk Management: As seen in the Paxful case, services that promote "no KYC" may face significant regulatory pressure in the future. Asset custody and on-ramps (fiat deposits and withdrawals) should be limited to providers with proven regulatory compliance, and check for any history of withdrawal restrictions or lack of a license.
5) AI × Crypto: The trend toward integrating AI and on-chain technologies, such as the ZK-based AI privacy protection proposed by Ethereum developers and Coinbase's AI wallet, is accelerating. Rather than focusing on short-term thematic gains, it's important to prioritize projects with real-world use cases (agent payments, on-chain data utilization, privacy protection).
📘 Glossary
- V-shaped recovery: This pattern occurs when prices plummet and then rebound sharply in a short period, creating a chart shape resembling the letter "V." This pattern typically occurs when buying pressure is strong or excessive fears are dissipated.
Tokenization: This involves splitting traditional assets like stocks, bonds, and real estate into tokens and issuing them on a blockchain. Representative examples include ONDO's tokenized US stocks and BlackRock's tokenized government bond fund.
DeFi: A decentralized financial system operated through smart contracts without a central authority like a bank. It includes deposits, loans, derivatives, and exchanges (DEX). BlackRock's announcement to offer institutional token trading through Uniswap exemplifies this trend.
- ZK technology (zero-knowledge proof): This is a cryptographic technique that proves that a condition has been met without directly revealing any information. The Ethereum camp proposed utilizing this technology to design a structure that protects AI usage history while allowing for sanctions in case of misuse.
On-chain vs. Off-chain: On-chain refers to transactions recorded and processed directly on the blockchain, while off-chain refers to transactions processed on separate servers or traditional financial systems. Recently, BlackRock, Ondo, Coinbase, and others are expanding efforts to connect existing off-chain assets with on-chain infrastructure.
💡 Frequently Asked Questions (FAQ)
Q.
What changes will happen to investors when traditional financial institutions like BlackRock enter DeFi?
If a major asset manager like BlackRock begins trading tokenized government bonds on Uniswap, the DeFi market is likely to see both increased capital and increased trust. Increased liquidity could mitigate price fluctuations, and the introduction of institutional-level security and regulatory compliance standards could improve service quality. However, it's also important to consider that increased regulation and a reduction in the availability of high-risk, high-return products for individual investors could lead to a "safer but more conservative" market structure.
Q.
What actually happens when Ethereum, AI, and zero-knowledge proofs (ZK) technology are combined?
As proposed by Vitalik Buterin and others, utilizing ZK technology can determine whether a user is using a specific AI API or abusing it without disclosing details about how much they're using. For example, this can block bot attacks and spam, while protecting user privacy by keeping personal information and usage history from being exposed on the blockchain. With this structure in place, it will be easier to simultaneously satisfy privacy and regulatory compliance when AI agents perform transactions and decisions on behalf of users in DeFi, games, and social services.
Q.
With the possibility of Bitcoin crashing to $60,000 being discussed, how should individual investors respond?
With increasing downside bets in futures data and analysis suggesting a liquidity vacuum between $60,000 and $66,000, the possibility of a short-term decline is gaining attention. Beginners should prioritize reducing leverage (futures and margin) and scaling their investments based on their income and risk tolerance, focusing on spot markets. If you already hold a portfolio, it's recommended to: 1) re-examine your established stop-loss levels or additional purchase ranges, and 2) establish a principle of split buying and selling rather than being swayed by temporary panic. Rather than trying to predict a short-term trend, clarifying your investment horizon and goals, and maintaining exposure within those limits to a level you can tolerate volatility, is the key to reducing long-term losses.
TP AI Precautions
This article was summarized using a TokenPost.ai-based language model. Key points in the text may be omitted or inaccurate.
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